CPU Mining. What Is It and What Is the Benefit of This Kind of Mining?

cpu mining

With the popularity of the cryptocurrency, the interest of people in such activities as mining is growing. However, it should be noted that this is by no means a passive source of income, as it may seem at first glance. In order to succeed in the mining industry, one must have in-depth knowledge, since as in any other field of activity, there are a lot of small nuances that must be taken into account.

If you are interested in this topic, then you already have a certain amount of knowledge and probably heard about the mining of cryptocurrency using video cards and ASICs. Indeed, the articles devoted to these types of mining are plentiful on the Internet. Absolutely the opposite situation awaits for you regarding the topic of mining using processors, the most that you can hear is that it is not quite profitable. In this article we are going to fix this and expand on the topic in detail, find out whether there is any sense in mining on CPU. This article will be useful for beginners and people with an average level of knowledge, experienced miners can hardly find out something fundamentally new here. So let’s begin.

Contents:
(please, click the topic to scroll down to it)

  1. What is CPU mining?
  2. What kinds of mining CPU exist?
  3. What are the ways to mine coins on CPU?
  4. How to choose the right CPU for mining?
  5. Conclusion

1. What is CPU mining?

Generally speaking, the extraction of coins is carried out by solving a huge number of complex mathematical problems by searching all available parameters in order to find a hash with the necessary properties. This process requires a large amount of processing power, that’s why these days mining is carried out on fairly powerful equipment. When the era of cryptocurrency was just beginning, when the number of participants in the network (miners) was small, and the complexity of the system was weak, you could mine on a normal home computer. In our time, the situation has radically changed, and many miners do not even consider CPU as a tool for mining coins. This is quite reasonable when it comes to mining as the main source of income, but if we are talking about a small home enterprise that does not require any additional expenses from a person, then why not? CPU mining is the optimal solution to try mining out and understand whether it is worth doing or not. Of course, if you have a desire to earn impressive amounts, then you should consider more powerful equipment.

2. What kinds of mining CPU exist?

The central processor (CPU) is the main part of a personal computer and any other equipment in general. It is an integrated circuit that acts in the role of the main hardware node of the device. Powerful processors are installed in modern computers, laptops, smartphones, etc. They have a high frequency of operation and consist of several cores.

Such a concept as the best processor for mining simply does not exist. The fact is that the work of each individual CPU is individual. Some processors are better at mining some coins, but others suit better for other coins. Everything depends on the very algorithm of the coin, which is mined. We want to point out that trying to mine Bitcoin on a CPU is not a very good idea, since its algorithm is too complicated for a technique of this rank. However, mining, for example, Zcash, Monero, Litecoin, Dash, etc. using a CPU is quite possible.

The most popular processors are:

  • Intel;
  • Xeon;
  • AMD.

3. What are the ways to mine coins on CPU?

We have already sorted out what is mining, how it is set up and what tools you can use to do it. Now, let’s briefly discuss the existing methods.

  • Personal or solo-mining. In this case, only the computing power of your own equipment is used.
  • Mining pools. Working with a pool means uniting a certain amount of equipment within a single server in order to search for the necessary blocks together. In this case, the system evenly distributes the reward among all members of the pool.
  • Multicurrency pool. This is a server which makes it possible to mine several cryptocurrencies at once. Switching occurs for the most profitable coin automatically.

4. How to choose the right CPU for mining?

The only correct answer to this question does not exist. For example, mining on the i5 processor will be more profitable today for obtaining Monero, and tomorrow it will be more cost-effective to mine Zcash using it. In general, the choice of CPU for mining depends on the huge number of nuances. The only universal indicator is power. The higher it is, the greater the hash rate and, thus, the profit from mining are. Before buying a processor, you need to consider two main indicators:

  • number of cores;
  • clock frequency.

Nowadays the most promising processor for this purpose is CPU Zeon. However, intel core i3/i5/i7 processors for mining are also quite good.

5. Conclusion

CPU mining was very popular at the dawn of cryptocurrency development. In 2009-2011, it was possible to mine Bitcoin using the computing power of a personal computer without any problems. Now the situation is completely opposite. Nowadays using CPU for Bitcoin mining will not only be irrelevant, but also simply unprofitable, as the cost of electricity will exceed the profit from this enterprise. However, some coins (Monero, Litecoin, Dash, ZCash, etc) can still be mined with a profit using CPUs. Anyway, you should not refer to this as the main source of earnings, because the installation of a powerful CPU will not be enough to reach a decent level. In this case it is necessary to buy specialized equipment (video cards or ASICs).

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptopia Got Hacked, Crypto Exchange Is Suffering “Significant Losses”

One of the best crypto exchanges of New Zealand, Cryptopia, was hacked. It announced this sad news via Twitter stating that it had experienced a security breach that ended in a “significant loss”. However, the company did not mention any figures of the loss.

Cryptopia has suspended all the activities on the trading platform for an indefinite period. In addition, it has notified the authorities of the country, and now it cooperates with the police and the country’s High Tech Crimes Unit in order to investigate the hacker attack.

“Staff then notified and involved the appropriate Government Agencies, including NZ police and High Tech Crimes Unit who are jointly and actively investigating the matter as a major crime and they are assisting us with advice,” the exchange stated.

This is the first cryptocurrency exchange theft in 2019, however, many customers of different crypto exchanges call into question the security of them, as there were so many incidents that had to teach exchanges how to deal with it. Some users even blame the exchanges, in particular Cryptopia, in a bear market “exit strategy”.

We remind you

The Hackers of the “51% Attack” on Ethereum Classic Returned Half of the Stolen Funds

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, January 15: Cryptocurrency Is Trying to Regain Its Positions

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) gained 2.9% over the past 24 hours. The price at the time of writing is $3626 per coin, but it remains quite volatile and changes the value.


The rest of cryptocurrencies are also in the green zone:

Bitcoin Cash added 4.99% over the past 24 hours and costs $133 per coin;

Ripple plus 4.58%, and is $0.33 in value;

EOS added 10.17%, and its price is $2.51;

Litecoin became more expensive by 6.66%, and its rate is $32;

Cardano grew by 5.85%, and its value is $0.043;

Stellar added 5.15% and costs $0.11;

IOTA gained 4.92%, and its cost $0.31;

Dash added 2.19%, and its price is $73;

Monero increased by 8.22% and is $46 in price.


Ethereum added 10.5% over the past day. The cost of the coin is $130.

The total market capitalization is $123 billion. Bitcoin accounts for 52.4% ​​of the total volume. In monetary terms, this is $64 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The Hackers of the “51% Attack” on Ethereum Classic Returned Half of the Stolen Funds

The alleged organizer of the “51% Attack” on the ETC network transferred back $ 100,000 to Gate.io. bitcoin exchange. It was stated by its representatives on their Twitter account:

As a result of the attack, the users of the Hong Kong Stock Exchange had lost about 46,000 ETC. The representatives of the exchange were going to recover the money lost at their own expense.

However, last Saturday, Gate.io reported that an unknown hacker returned about half of the stolen funds. The company tried to contact the hacker. So far, the reasons he returned the funds have not been clarified since the hacker have not responded.

The representatives of the exchange guessed that if the organizer did not seek to profit, it could be a white hacker who wanted to remind people of the risks. Gate.io also noted that the current hashrate of the ETC network is not high enough, which means that the attack might happen again.

Now a successful transaction in the Ethereum Classic network on Gate.io requires about 4000 confirmations. The exchange is confident that this measure will enhance security and recommends other crypto platforms to stick to such measure to protect traders.

We remind you that despite the significant losses of the Gate.io users, the hackers used a simple hacking algorithm:

«Атака 51%» на Ethereum Classic: полный анализ взлома

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, January 14: Cryptocurrencies Are in the Deep Red Zone

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 2.2% over the past 24 hours. The price at the time of writing is $3520 per coin.

Cryptocurrencies continue to decline rapidly:

Bitcoin Cash lost 7.08% over the past 24 hours and costs $125 per coin;

Ripple lost 2.31% and costs $0.32;

EOS minus 4.08%, and its price is $2.33;

Litecoin minus 7.92%, and its cost is $30;

Cardano dropped by 6.85%, and its value is $0.040;

Stellar fell by 4.42% and costs $0.10;

IOTA lost 7%, and its value is $0.29;

Dash decreased by 2.79%, and its price is $71;

Monero fell by 2.02% and costs $44.


Over the past 24 hours, Ethereum has lost 6.03%. The rate of the coin is $118.
The total market capitalization rose to $118 billion. Bitcoin’s share is 52.8% of the total volume. In monetary terms, this is $62 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

The CEO of Circle Believes That a Clearer Policy of the SEC Will Cure the Crypto Industry

The CEO of the project Circle, backed up by the major bank Goldman Sachs, Jeremy Allaire started a thread on Reddit together with his co-workers, where they debated the accomplishments of the company in the recent time, talked about prospects for the future and discussed the overall situation on the crypto market.

According to the representatives of Circle, one of the main issues with crypto in the US is the lack of regulatory framework and, most importantly, the inability of the Securities and Exchange Commission to clearly define cryptocurrencies as belonging to a particular type of assets.

We remind you:

The SEC: Unlike ICO Tokens, Bitcoin and Ethereum Can Not Be Securities

There absolutely needs to be more regulatory clarity to really make this fly — in particular around who can issue these, how they can be stored and transmitted, and what markets can allow their trading. There’s a lot of attention on this and we absolutely expect to see these issues resolved and for far more real world experiments to hit the markets this year,” said Jeremy Allaire.

Also, the CEO of Circle claimed that the US should follow the example of France and have a separate kind of taxation for crypto-to-crypto transactions.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Cryptocurrency Prices Today, January 11: Cryptocurrencies Continue to Decline

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 3.3% over the past 24 hours. The price at the time of writing is $3632 per coin.

Cryptocurrencies are still in the red zone:

Bitcoin Cash lost 7.48% over the past 24 hours and costs $132 per coin;

Ripple lost 4.85% and costs $0.33;

EOS decreased by 8.12%, and its price is $2.47;

Litecoin fell by 11.1%, and its cost is $35;

Cardano lost 8.24%, and its value is $0.044;

Stellar dropped by 8.12% and costs $0.10;

IOTA lost 5.53%, and its cost is $0.31;

Dash became cheaper by  4.46%, and its price is $74;

Monero fell by 4.32% and costs $46.

Over the past 24 hours, Ethereum lost 6.81%. The exchange rate of the coin is $128.
The total market capitalization rose to $123 billion. Bitcoin accounts for 52.3% of the total volume. In monetary terms, this is $64 billion.

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/